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January 04, 2017

Daily News Roundup: Nonprofits Reportedly Pull Raises Amid Overtime Uncertainty

Nonprofits Rescind Raises Amid Doubts on Overtime Rule: With a proposed increase in the salary threshold under which workers qualify for overtime pay in political and legal limbo, some employers — primarily nonprofits and small businesses — are canceling wage hikes promised last year in anticipation of the change, according to Politico.

Joe Biden Inadvertently Announces Planned Cancer Trust: Attending a ceremonial swearing-in for a new senator, the vice president was caught on an open microphone telling another guest that he will continue work on the Obama administration "moonshot" project to cure cancer through an organization called the Biden Trust, reports Quartz.

Think Tank Highlights Access to Trump Team in Fundraising Appeal: In a year-end pitch to donors, the conservative Hoover Institution cited its ties to Defense Secretary-designate James Mattis, a Hoover visiting fellow, in touting its "opportunity to influence the course of American and world history" under the new administration, Bloomberg reports.

Opinion: Nonprofits Forgetting Missions in Rush to Battle Trump: In her New York Post column, Naomi Schaefer Riley, a senior fellow at the Independent Women's Forum, chides foundations and charities for marshaling policy and political strategies to counter the new administration's moves rather than spending more to make up for possible cuts in social spending. See more Chronicle coverage of how philanthropy is responding to and preparing for Donald Trump's presidency.

Walton Fund Gives $20 Million for Tex. Museum: The Walton Family Foundation contribution will boost the endowment of the Amon Carter Museum of American Art in Fort Worth, The Dallas Morning News writes. The gift was made in honor of Ruth Carter Stevenson, the institution's late longtime board president and a friend of Walmart heir Alice Walton.

End in Sight for Saga of George Lucas Museum?: Bloomberg Businessweek recounts the twists and turns in the Star Wars filmmaker's yearslong quest to find a home for his planned museum of popular art and movie memorabilia. Mr. Lucas's organization says the project, soon to land in San Francisco or Los Angeles, involves a $1.5 billion donation of cash and art.